Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Dy. CIT v. Aggarwal Construction Co. (2024)116 ITR 432 (Trib) (Amritsar)(Trib)

S. 147 : Reassessment-After the expiry of four years-Bogus purchases-Change of opinion-No failure to disclose material facts-Reassessment is quashed.[S.69A, 69C, 148]

Dnyaneshwar Baburao Kathe v. ITO (2024)116 ITR 19 (SN)/ [2025] 210 ITD 85 (Pune)(Trib)

S. 144 : Best judgment assessment-Ex-parte order-Agricultural Income-Remand report-Matter remanded to the Assessing Officer to pass a fresh assessment order after granting an reasonable opportunity of hearing.

Srimanta Kumar Shit v. ACIT(2024)116 ITR 51 (SN)/ 169 taxmann.com 185 (Kol)(Trib)

S. 143(3):Assessment-Limited scrutiny-Additional legal ground is admitted-Cash deposits-Assessing Officer converted the limited scrutiny to regular assessment-Order is quashed and set aside-Instruction No. 5 Of 2016, Dated 14-7-2016 (2016) 385 ITR 56 (St) [S. 56(2)(vii)(b)(ii), 68,69A, 133(6), 142(1), 143(2), 254(1)]

Ramji Lal v. ITO (2024)116 ITR 79 (SN) (Jaipur)(Trib)

S.143(3): Assessment-Agricultural income-Estimation-Matter remanded to the Assessing Officer for fresh adjudication-The Tribunal also directed the assessee to pay cost of Rs. 6,000 with the direction to deposit costs in the Prime Minister’s National Relief Fund and receipt thereof to be produced before the Assessing Officer before the commencement of the proceedings.

Jagbir Singh Nehra v. Dy. CIT (2024)116 ITR 60 (SN)(Chd)(Trib)

S. 143(3) : Assessment-Search-Statement in the course off search-Purchase of property-No incriminating material was fund-Dumb document-Addition is deleted. [S. 132, 158BC]

Hitachi Ltd. v. ACIT (IT) (2024) 116 ITR 393 / [2025] 171 taxmann.com 226 (Delhi)(Trib)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Non-Resident of Japan-Incurred loss-Only profits earned by Permanent Establishment in India is liable to tax-Addition is deleted-DTAA-India-Japan.[Art.7]

Beantkaur Avtarsingh Juneja v. ITO (2024) 115 ITR 18 (Nag)(Trib)

S. 271B : Penalty-Failure to get accounts audited-Death of assessee-Legal representative-Legal representative of deceased offender or criminal could not be penalised for offences or crimes committed by deceased.[S.44AB, 139(1), 159(4)]

Rotluanga Stephen v. ITO (2024) 115 ITR 15 (SN) / [2025] 170 taxmann.com 241 (Gauhati)(Trib)

S.271AAC : Penalty in respect of certain income-Unexplained cash deposit-Addition deleted-Levy of penalty is deleted. [S.69A]

Mukesh Kumar Ranka v.ACIT (2024)115 ITR 133 (Indore)(Trib) Anju Jain v. ACIT (2024)115 ITR 133 (Indore)(Trib)

S. 271AAB : Penalty-Search initiated on or after Ist day of July 2012-Undisclosed income-Mere surrender of income is not sufficient to levy the penalty-Penalty is deleted.[S. 132, 132(4),153A]

Prakash Khatri v. PCIT (2024) 115 ITR 1 (SN)(Ahd)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Sale of property-Showing company as seller-26AS showing tax deducted at source-Sub-Registrar’s Letter stating no sale transaction is specified-Incorrect income calculation rectifiable-Revision order is quashed. [S. 154]